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Market MapTennesseeDyer

Dyer County

TennesseePopulation: 36,818
56
/100
Hold
#440 of 1,000 counties
#37 in Tennessee (95 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$171,209
Median Home Price
27% below national median
$836/mo
Median Rent
45% below national median
5.86%
Rent-to-Price Ratio
Top 52% nationally
-$354
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $836/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$128,407-$130/mo5.1%-5.3%
Median
typical MLS deal
$171,209-$354/mo3.8%-10.8%
125% of median
newer / premium
$214,011-$579/mo3.0%-14.1%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$171,209
Down Payment (20%)$34,242
Loan Amount$136,967
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$836
Monthly P&I-$897
Est. Expenses (35%)-$293
Net Cash Flow-$354/mo
3.8%
Cap Rate (all cash)
-10.8%
Cash-on-Cash Return
5.86%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.8% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
56/100
56
Cash Flow(30%)
58/100

Based on 5.86% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
40/100

Based on -2.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
82/100

Price-to-income ratio of 3.2x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Declining home values (-2.0% YoY)
  • -Negative cash flow at typical financing (-$354/mo)
  • -Negative leverage (cap rate 3.8% < mortgage rate 6.9%)

Economic Indicators

Population
36,818
Median Income
$53,150
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.2x
Moderately affordable

Who this market fits

Best for
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
SullivanTN
57$254,306$1,2035.68%HoldView
CurrentDyerTN
56$171,209$8365.86%Hold
FentressTN
56$236,817Est. pending—HoldView
Van BurenTN
55$226,333Est. pending—HoldView
JacksonTN
55$222,300Est. pending—HoldView
PutnamTN
55$306,250$1,4865.82%HoldView

The Bottom Line

HoldDyer is a neutral market. Consider house hacking or targeting below-market deals.

Dyer County in Tennessee scores 56/100, ranking #440 of 1,000 US counties (top 58%). At 20% down and current rates, a median-priced rental loses about $354/month; the 5.86% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-354/mo
Cap Rate
3.8%
Cash-on-Cash
-10.8%

Related markets

Markets like Dyer with stronger cash flow

  • Putnam County for cash-flow rentals
  • Sullivan County for cash-flow rentals

Head-to-head comparisons

  • Dyer vs Fentress for rentals
  • Dyer vs Van Buren for rentals
  • Dyer vs Jackson for rentals
All counties in Tennessee →

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